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July 19, 2021

Qatar, India and Sri Lanka made X-Press Pearl disaster inevitable

International Shipping, Trending News
THAILAND : Russian national newspaper Novaya Gazeta published a report, an investigation into X-Press Pearl fire and disaster, based on available documents and reports, and interviews with seamen involved in the disaster. Of 25 crew of
July 19, 2021

Seaspan completes upsized US$750 million offering of blue transition bonds

International Shipping, Trending News
Canadian container ship owner and operator, Seaspan Corporation has successfully closed its previously announced issuance of US$750 million in senior unsecured notes, upsized from the original offering size of US$500 million. The Notes will
July 17, 2021

MSC and Shell start shipping decarbonisation partnership

International Shipping, Trending News
GENEVA : Mediterranean Shipping Company (MSC) and Shell International Petroleum Company Limited (Shell) have announced a long-term collaboration over the decarbonisation in the global shipping sector. The long-term memorandum of understanding (MoU) will help
July 17, 2021

Japan’s First Containership Recognized for Its Historical Contribution to Maritime Transportation Efficiency

International Shipping, Trending News
Hakone Maru, a container carrier formerly owned and operated by NYK, has been recognized by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) as “Japan’s first new container carrier that realized efficient
July 16, 2021

Breakbulk and heavylift charter rates hit all-time highs

International Shipping, Trending News
Charter hire rates for multipurpose and heavylift vessels have surpassed the highs registered in 2008 to create new all-time records, latest data from Drewry shows. According to Drewry’s Multipurpose Time Charter Index, average annual
July 16, 2021

Evergreen to buy 6,000 new reefers

International Shipping, Trending News
Evergreen Marine Corporation is reported to have ordered 6,000 new reefer containers from the Chinese manufacturers, Guangdong Fuwa Equipment Manufacturing (Fuwa), according to the Taiwan Stock Exchange Inc. & Taipei Exchange. The cost of
July 15, 2021

MSC sets increased prices from Asia to Antwerp and Valencia

International Shipping, Trending News
GENEVA : Mediterranean Shipping Company (MSC) has announced new rates from Sri Lanka, India and Pakistan to two of the most important European hubs, the ports of Antwerp and Valencia. The Swiss container carrier
July 15, 2021

Maersk said to be eyeing up to a dozen 15,000TEU ships

International Shipping, Trending News
COPENHAGEN : Maersk Line is said to be discussing orders for up to a dozen 15,000TEU methanol-fuelled container ships at Hyundai Heavy Industries (HHI), according to reports from South Korea. The price of each
July 12, 2021

Singapore retains top spot as International Shipping Centre for 8th consecutive year

International Shipping, Trending News
SINGAPORE : Singapore kept its position as the world’s top shipping hub on the 2021 Xinhua-Baltic International Shipping Centre Development (ISCD) Index for the 8th consecutive year. The Republic was followed by London, Shanghai,
July 12, 2021

Yang Ming eyeing ULCV league with newbuildings

International Shipping, Trending News
Yang Ming is reportedly planning to join the current newbuilding “arms race”, as it seems to be involved in orders of new container ships, while the company’s last orders were back in 2018. The
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